High Performance Beverages Comp. (TBEV)

[BigJuan]

the Licensor shall have the option to convert a portion or all of the greater of the minimum quarterly payments or the actual earned royalties into shares of stock of the Company

Here is as it reads. Question would be why would company give up shares instead of just paying the payments. Other question is why would Licensor take shares of stock instead of cash payments unless licensee can't pay the cash?? Which means then Throwdown would have to convert and sell the shares to obtain cash unless they were short on toilet paper. But that's just my opinion.